Brandy Pitts Winery requested that you determine whether the company s

Brandy Pitts Winery requested that you determine whether the company s

Brandy Pitts Winery requested that you determine whether the company’s ability to pay its current liabilities and long-term debts improved or deteriorated during 2014. To answer this question, compute the following ratios for 2014 and 2013:
(a) Current ratio,
(b) Quick ratio,
(c) Debt ratio, and
(d) Times-interest-earned ratio. Summarize the results of your analysis.